NanoString Technologies Inc () (NSTGQ) Quote

NSTGQ: BK PLAN effective. All shares cancelled. FINRA posts there will be a "distribution" but does not specify what or how much the distribution will be.

https://otce.finra.org/otce/dailyList?viewType=Deletions

It's all over but the crying now.Good luck and good trading.

Thanks I have gone through the details more closely and what you say seems to be correct. Anyway it was a learning,but luckily my position was +30 percent so just closed it today without taking more risks/gamble.
Just out of curiosity what happens if the penalties for cases it face is overturn before the acquisition on 21st May,does that reduce the liability from 392 to something lesser?

Shareholders are last in line.

Debtholders have priority and need to be paid first.

It is just BS that the purchase price is the exact amount of debt they have - leaving shareholders with $0

Added again today. Been here a while. Average up again but these prices under .30 are just too good to pass up.

I believe the problem will be ,for the deal to go through, it will need share holders approval.Why the shareholders approve it if there is low or meagre payment for the ones that they are holding.

This is interesting. As of the initial filing this seemed like a probably $1/share as Liabilities were $340M but this shows considerably more.
The $25M of secured debt & the $273m of unsecured debt seems really high and honestly makes little sense imo. Their Q3 filing shows their debt of $230M that they refinance in November for no change in principle but added warrants at no cost. (somebody please check to make sure I'm reading this correct. This seems stupid from the companies side as the market was already pricing in bankruptcy so why give this away.)
The only other item in the unsecured debt should be $43M that was related to the $31M X10 lawsuit (assume the differnce is legal fees for both sides). That means debt (secured and unsecured should be ($230+ 43) = $275 not $298M and then if you are going to count the $94M in liabilities why wouldn't the estate keep the assets

Sorry, for late response.

Here is the link on otcmarkets:

https://www.otcmarkets.com/filing/html?id=17464857&guid=AuQ-kFpuF-O7dth

Total Liabilities as of March 31, 2024:

392,503

$392,503,000 vs. Purchase price of $392,600,000

Can you post this from 8k portion for me?

Good find if true because they are buying this like theres a ton more left over for shareholders. Is it denial? Lol

NSTGQ What does this mean?  Bruker is not acquiring NanoString’s public company overhead in this asset deal. I didnt see that in the 8k?

Elsewhere it seems they are going off the last 10-Q reporting from September 2023 where they had $325 million in liabilities.

Of course, that would be far more better for shareholders ....

But from what I read the liabilities have increased and that shareholders are left with nothing.

I did some reading (mainly because of the price increase) and see they have $392.6 million bid.

That sounds fantastic!

The problem is the 8-k report filed today says they had total liabilities of $392.5 million as of March 31, 2024.

Honestly, you do expect that a company buying up the assets of a bankrupt company to get a deal .... but it looks like all debtholders will be made whole while shareholders get $0

That is some BS.

Anyways, perhaps you will see this and let me know what you think.

48.2 million shares,sold for 220 million, you do the math.This thing is worth $4.50 a share.They have other bidder's,who knows how high this can go.Good luck and good trading.

$.19 for a $3 plus value bid out of bk??

NSTG changed to NSTGQ, bankruptcy. Delisted from the Nasdaq to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

https://www.youtube.com/@NanoStringTech

https://twitter.com/PENNIEStoSTACKS/status/1756520210486718559

https://twitter.com/bikulmishra/status/1756520182334247393

Do shareholders lose everything in Chapter 11 ?
In some cases, shareholders do not receive any compensation for their shares and will lose their investment entirely.

I don't think in this case, specially if they win the appeal which they feel extremely confident about.

If this continues up it will leave to believe that those that know better than I are buying and that I should continue to buy.

Is this injunction permanent ?

No. The preliminary injunction order temporarily blocks NanoString’s ability to market and sell CosMx SMI products for RNA detection within 17 UPC member countries while the case proceeds to a full hearing on the merits. We respectfully believe that the court erred and we are appealing the decision to the UPC Court of Appeal in Luxembourg. The appeal will be heard on December 18, 2023. The preliminary injunction may be overturned upon appeal or following the full hearing on the merits of the case. https://nanostring.com/about-us/upc-litigation-faq

AH is crazy way up from low

Hope this means current equity holders of class a wont get erased.

https://www.genengnews.com/topics/omics/nanostring-cso-joe-beechem-insists-the-company-not-going-anywhere/

NSTG: What-the-FLUCK???!!! (See CHART, below!!!)

They move fast.
Restructuring was done like🫰🏿that.

Might have yo buy a few more on the dip and hold til Tuesday or Wednesday after the holiday

Is the market open Monday?

Gap will fill Monday...

I bought back in at 0.125 when I read the News this morning...

GhosT

40cent gap fill could happen today, but it is Friday.

Close is key to the game

Feb 14 back to otc

$NSTG - #8KSpy Alert Video:



Z

In at .07 took my initial investment now Riding free shares

Stopped out at 0.200

In at 0.100 out at 0.200

May get bad in EOD...

GhosT

Let's see if we are getting back to the good old days. Where we have a lunch time dip and a power hour blast off .

Much rather see a steady constant upward trend but can't slstop a man from making his money.

Let's get this money 💰

.46 or better

That would look lovely on my resume

40 cent... :)

GhosT

Is 40c or did you mean .04cent

Going to Fill that Gap at 0.40ish

GhosT

This thing shot up like a bat outta hell in minutes.

Crazy restructuring in process and potential buy out

Let's ride the wave

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173778397&txt2find=nstg

Could see some nice movement here today.

Eyes wide 👀

Jumped in this today, seems like a bottom has to be here...reversal time baby

$NSTG $NVTA https://twitter.com/adar170/status/1754590787193471262

Ready for this thing to JUMP!

NSTG new 52 week low

Got some $$$

NSTG new 52 week low

NSTG.......................................https://stockcharts.com/h-sc/ui?s=NSTG&p=W&b=5&g=0&id=p86431144783

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Presentations Include Data from More than 35 NanoString-Related Abstracts Including 11 Using the GeoMx Digital Spatial Profiler CAR-T Symposium Highlights Characterization of Cellular Therapy Products NanoString Technologies, Inc. (NASDAQ:NSTG), a leading provider of...

In case you are interested NSTG - NanoString Highlights Growing Body of Spatial Biology Research Presented at the 35th Annual Meeting of the Society of Immunotherapy of Cancer Conference (SITC)

News: $NSTG NanoString Introduces New Gene Expression Research Panel for Human Organ Transplantation

Created in Collaboration with Banff Consortium to Study Mechanisms of Organ Rejection NanoString Technologies, Inc. (NASDAQ:NSTG), a provider of life science tools for translational research and molecular diagnostic products, today announced the launch of a new gene expression panel f...

Got this from NSTG - NanoString Introduces New Gene Expression Research Panel for Human Organ Transplantation